Mondelēz International (Nasdaq: MDLZ), one of the world’s leading snacking companies with iconic brands such as Cadbury, OREO, Bournvita, and Halls, has announced the appointment of Ayman Fahmy as Managing Director, West Africa. In this role, Ayman, whose appointment took effect from 15 May 2026, will spearhead the company’s business operations and accelerate market expansion across the West Africa region. Ayman will also lead Cadbury Nigeria PLC, the company’s listed Nigerian entity, where Mondelēz International proudly manufactures beloved local flagship brands including Cadbury Bournvita, Cadbury 3 in 1 Hot Chocolate Drink, TomTom and Buttermint. Having served with distinction as interim…
Author: Elvis Eromosele
Dangote Refinery has drawn strong investor interest in its planned private placement, with demand approaching $2 billion as preparations intensify for its anticipated stock market listing. Chairman Aliko Dangote disclosed the development on Wednesday during a visit by Femi Otedola and senior executives of First HoldCo to the refinery and fertiliser complex located in the Lekki Free Trade Zone. According to Dangote, investor appetite for the refinery has remained exceptionally strong, with total indications of interest already exceeding the size of the proposed private placement. He said the company is targeting a market entry by September, as both institutional and…
The Joint Admissions and Matriculation Board (JAMB) has released 279 results from the 2026 Unified Tertiary Matriculation Examination (UTME) that were previously withheld over suspected examination malpractice. The development was announced on Thursday by Fabian Benjamin through a statement shared on his X account. JAMB had started releasing the 2026 UTME results on April 20 after conducting the examination for more than 2.2 million candidates across the country. However, some results were withheld for further investigation over suspected malpractice. According to the Board, the 279 results were eventually released after investigations found no prima facie evidence of wrongdoing against the…
Seplat Energy says rising geopolitical tensions between the United States and Iran could boost crude oil prices and strengthen the company’s cash flow position. Roger Brown, Chief Executive Officer of Seplat Energy, made the disclosure during the company’s 13th Annual General Meeting (AGM) held on May 20, 2026, where shareholders approved several resolutions, including dividend payments and board appointments. According to Brown, Seplat prepared its 2025 budget using conservative oil price assumptions of between $65 and $70 per barrel before recent geopolitical developments pushed crude prices higher. “We will likely see higher oil prices while the Iran-U.S. squabbles exist, and…
President Bola Ahmed Tinubu has appointed Segun Aina, a Professor of Computer Engineering at Obafemi Awolowo University, as the new Registrar of the Joint Admissions and Matriculation Board (JAMB). Professor Aina will succeed Is-haq Oloyede, whose second term in office is scheduled to end on July 31, 2026. The appointment was announced in a statement issued by Bayo Onanuga, spokesperson to the President. According to the Presidency, Professor Aina is a respected academic and systems expert with extensive experience in digital infrastructure, national examination systems, and public-sector reform. President Tinubu is said to expect the new registrar to leverage his…
Meta Platforms Inc. has begun notifying employees across its global workforce of about 8,000 job cuts as part of a major restructuring tied to its artificial intelligence (AI) expansion and cost-efficiency drive. The layoffs, which started on Wednesday morning, were first communicated to staff in Asia around 4 a.m. Singapore time, with employees in the United States also expected to receive notifications later in the day, according to an internal memo cited by Bloomberg. The job reductions form part of Meta’s broader strategy to streamline operations while redirecting significant investment into AI infrastructure, product development, and automation systems. Earlier in…
The Federal Airports Authority of Nigeria (FAAN) has activated enhanced Ebola response protocols at all international airports across Nigeria to strengthen surveillance, passenger screening, and emergency preparedness against the possible spread of the virus into the country. The move was announced in a statement issued on Wednesday by Henry Agbebire, Director of Public Affairs and Consumer Protection at FAAN. According to the agency, the measures were introduced following the outbreak of the Bundibugyo strain of Ebola Virus Disease in parts of Central Africa, which has triggered renewed regional health surveillance and cross-border preparedness efforts. FAAN said it has intensified preventive…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5 per cent following the conclusion of its 305th meeting in Abuja. The decision was announced on Tuesday by Olayemi Cardoso, Governor of the CBN, after the meeting attended by all 11 MPC members. The committee also retained all other key monetary policy parameters, signalling a cautious approach as policymakers continue to monitor inflationary pressures and broader macroeconomic conditions. According to the apex bank, the decision to keep rates unchanged was driven by persistent inflation concerns and the need to sustain…
The Lagos Metropolitan Area Transport Authority (LAMATA) has suspended the movement of goods on all regulated public buses across Lagos, with enforcement set to begin on June 1, 2026, as part of efforts to improve passenger comfort, safety, and operational efficiency. The directive was announced in a statement issued on Tuesday by Kolawole Ojelabi, Head of Corporate Communication at LAMATA. According to the agency, the decision followed growing complaints from commuters and operational challenges caused by the increasing use of regulated buses for transporting goods and heavy loads alongside passengers. LAMATA said the practice had negatively affected passenger comfort, safety,…
Dr. Aminu Maida, Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), has said Nigeria’s ongoing review of the National Telecommunications Policy (NTP) 2000 is a strategic national initiative capable of unlocking major economic benefits, including an additional two per cent growth in GDP, the creation of more than two million jobs, and nearly ₦2 trillion in additional tax revenue by 2030. Speaking at the NTP 2000 Review Workshop in Lagos on Wednesday, Dr Maida described the proposed policy direction as more than a routine sector review, saying it represents a national economic transformation agenda aimed at accelerating digital adoption…